Personal Income Rises in December

Personal income increased 2.6 percent in December after increasing 1.0 percent in November. Accelerated bonus payments of $30 billion (at an annual rate) in December and $15 billion in November boosted wages and salaries. Accelerated dividend payments of $291.0 billion in December and $25.8 billion in November, made in anticipation of tax law changes, boosted personal dividend income.